New International Land-Sea Trade Corridor joins 107 nations, regions

In the first quarter of 2022, some 26,000 twenty-foot equivalent units (TEUs) of goods worth 4.4 billion yuan ($670.8 million) were transported through the passage, rising by 18.2 per cent and 23.2 per cent year on year respectively, Hu Hongbing, a port and logistics official with the municipal government, told an official news agency.

Since its opening in 2017, the number of TEUs transported from Chongqing through the corridor rose from less than 3,000 to 112,000 in 2021, while the value of goods rose from 580 million yuan to 18.7 billion yuan over the same period, Hu added.

Fibre2Fashion News Desk (DS)